Who has room for all that excess packaging.

It depends on what kind of packaging it is. Most packaging I get rid of, but I still store my LELO beads in their original box, and I have an Evolved tin I like to use for storage even though I don't even have the toy that came in it anymore.

It all depends, Sometimes I do if it's nice, otherwise I throw it away.

I throw them away. Only very few do I keep

I usually just get the plastic "clam-shell" stuff, so I keep for a lil while, then recycle...